National CineMedia (NCMI) is down 34 cents to $12.09 and options volume is running 35X normal on increasing interest in Sep 15 calls. One player bought 4000 contracts for 90 cents. 6,100 traded total, and with open interest of 5,768, it is possible that some of the activity is closing trades. Might be worth a look again tomorrow. No news on the Colorado-based marketing company. Implied volatility is steady at 65 percent.
Update (5/28, 8:20): Looks like most of the active was closing. Open interest declined by 1,823. Not very significant, but worth keeping an eye on for follow-up activity.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.